CURRENT DEVELOPMENT IN

DISRUPTIVE TECHNOLOGY:
OPPORTUNITY & CHALLENGES
Tito Satya Rinaldi, SE, Ak.
PHENOMENON

CHALLENGES

OPPORTUNITY

Veda Praxis 2018

 PHENOMENON

“The only real mistake is the one from which we learn

nothing.”

HENRY FORD

Veda Praxis 2018

 DISRUPTIVE TECHNOLOGY
WHAT’S ON THE RADAR?

Veda Praxis 2018

BEEP! BEEP! BEEP!
“AT LEAST 40% OF ALL BUSINESS WILL DIE IN THE NEXT 10 YEARS...
IF THEY DON’T FIGURE OUT
HOW TO CHANGE THEIR
ENTIRE COMPANY TO
ACCOMODATE NEW
TECHNOLOGIES.”

JOHN CHAMBERS,
EXECUTIVE CHAIRMAN
& CEO CISCO SYSTEMS

Veda Praxis 2018

 INDUSTRIES THAT DISRUPTED BY TECHNOLOGIES

POST OFFICE PUBLIC TRANSPORT HUMAN TRAVEL FINANCIAL

AGENT SERVICES

HOTEL & MOTEL NEWSPAPERS & BRICK-N-MORTAR TV & MUSIC

MAGAZINE SELLERS DISTRIBUTION
Veda Praxis 2018
 WHO DISTRUPTED THEM?

THE BIGGEST THE BIGGEST THE LARGEST

INFORMATION TRANSPORTATION LANDLORD
PROVIDER PROVIDER

OWNS OWNS OWNS

NO CONTENT NO CAR NO PROPERTY

Veda Praxis 2018

 WHO DISTRUPTED THEM?

New Message

To: Client

AND WE (ALMOST) Touch this means:

No Post Office Worker,
KILLED POST OFFICE No Postage Stamp,
No Courier!
BY DOING THIS Assalamu’alaikum, Bu.
Selamat Hari Raya Idul
Fitri, mohon maaf lahir

EVERY YEAR: dan batin.

PTVeda Praxis

Veda Praxis 2018

 THE POINT IS...

WE WANT EVERYTHING AS CLOSE AS OUR

POCKETS.

IT’S A LOT EASIER AND CHEAPER.

AND IT’S IN REAL TIME!

Veda Praxis 2018

OUR BEHAVIOUR HAS CHANGED!
PAST PREMISE TODAY’S PREMISE

30% 70%

CLASSIC ECONOMICS BEHAVIOURAL ECONOMICS

WHAT YOU SELL WHY YOU SELL IT
SERVICE EXPERIENCE
A BRAND A SOCIAL IDENTITY
BRICK AND MORTAR CLICK AND MORTAR
“SATISFACTION” “ENGAGEMENT”
Veda Praxis 2018
SO IF WE ARE INDUSTRY PLAYERS...

PREPARE AN ARK AND TRY NOT TO SINK

Yes, just like Noah! Survive!

“By failing to prepare you are preparing to fail.”

BENJAMIN FRANKLIN
Veda Praxis 2018
BUT MOST FOLKS ARE LOST

BE AWARE!
LET’S LOOK AT SOME PHENOMENON
Veda Praxis 2018
 BE AWARE!

Uber
Technologies is
valued above
General Motors,
which has been
in the car
making industry
for over 100
years!
Source: https://www.statista.com/chart/7424/uber-is-closing-in-on-volkswagen/

Veda Praxis 2018

 BE AWARE!

ALIBABA: MyBANK and ALIPAY TENCENT: Wepay and WeBank

• 300M MONTHLY MOBILE ACTIVE ALIPAY • LEVERAGING WECHAT >800M ACTIVE

USERS USERS
• TOTAL PAYMENT VOLUME: $519B
• 715M TRANSACTIONS PER DAY

Source:
• https://expandedramblings.com/index.php/alipay-statistics/
• https://medium.com/@charliecliu/everything-you-need-to-know-about-alipay-and-wechat-pay-2e5e6686d6dc
Veda Praxis 2018
 BE AWARE!
2016
Volume:
>USD +5.000B
2015
• Volume: <USD +2.300B
• TENCENT LAUNCHES WeBank
2014
CHINA’S MOBILE PAYMENT VOLUME • Volume: <USD +1.200B
• AliPay 10th birthday 2017
AliPay + WeChat 2013 27% WECHAT
Volume: TRANSACTIONS ARE USING
versus <USD 1000B QR CODE

INDONESIA OVERALL CASHLESS LANDSCAPE

2009 2012 2014 2017

• Review on Branchless Banking • PBI Remittance RELEASED: LAKU PANDAI • 27 E-MONEY ISSUERS
(LAKU PANDAI) • TOTAL TRANSACTION:
• PBI e-Money IDR 1,4T (JUL 2017)
• PonselPay by Permata Bank

2017
INDONESIA & CHINA BEGIN
REGULATING QR CODE
PAYMENTS

Veda Praxis 2018

 HOW ABOUT INDONESIA?

JUMLAH BANK:
115 BANK UMUM (SEPT 2017)
1.637 BPR (NOV 2016)

Source:
• Digital Financial Inclusion in Indonesia Presentation
• https://databoks.katadata.co.id/datapublish/2017/11/17/berapa-jumlah-bank-umum-saat-ini
Veda Praxis 2018
 HOW ABOUT INDONESIA?

TRANSPORTATION E-WALLET & GATEWAY P2P LENDING

CONSUMER GOODS SPACE PERSONAL SERVICES

Veda Praxis 2018

 HOW ABOUT INDONESIA?

P2P LENDING
85
FINTECH

REGISTERED P2P LENDING

30
(OJK, 28 JAN 2018)

Source: Investree Marketplace Lending Presentation 2017

Veda Praxis 2018

 BE AWARE!

NUMBER OF NUMBER OF LEAD NUMBER OF

3 3 8
FUNDING ROUNDS INVESTORS ACQUISITION

TOTAL FUNDING NUMBER OF NUMBER OF

$1.8B 15 3
AMOUNT INVESTORS INVESMENTS

THEIR SMART MOVES:

• The acquisition of online, offline, and unbanked fintech
companies in 2016-2017.
• In October 2017, Go-PAY transaction have contributed
30% of overall e-money transactions.
Source: crunchbase.com/organization/go-jek

Veda Praxis 2018

PHENOMENON

CHALLENGES

OPPORTUNITY

Veda Praxis 2018

 CHALLENGES

“Failure isn’t fatal, but failure to change might be.”

JOHN WOODEN

Veda Praxis 2018

 INTERNET OF VALUE – BLOCKCHAIN

Distributed ledger architecture will democratize transaction

and value

AND DISRUPT MULTIPLE INDUSTRIES...

Veda Praxis 2018

ARE BANK BRANCHES WILL BECOME OBSOLETE?

According to The European Banking

Federation:
• The number of bank branches in the EU
had been reduced to 189.000 at the end
of 2016, a 4,6% fall on the previous year.
• British banks alone set to close a record
762 branches this year (2017).
• Staff numbers were their lowest since
1997, at around 2,8 million people.
• Banks also looked to consolidate or
merge to increase profitability.

Veda Praxis 2018

 MAP INDONESIA DISCONTINUED DEBENHAMS

“shopping
The millennial generation's
trends have shifted
from department stores to
specialty outlets.
Indonesia also saw significant
growth in the e-commerce
industry, which affected offline
stores.
Fetty Kwartati, MAP Head of Corporation

Source: http://www.thejakartapost.com/life/2017/10/26/lotus-debenhams-in-indonesia-to-close-down-by-years-end.html

Veda Praxis 2018

 THE NEED TO BOOST OUR SKILL SETS

A new report released by McKinsey &

Company indicates that by 2030, as
many as 800 million workers
worldwide could be
replaced at work by robots.

Source: https://www.cnbc.com/2017/11/30/robots-may-replace-up-to-800-million-workers-by-2030.html

Veda Praxis 2018

 HOW ABOUT INDONESIAN STARTUP?

FAILED STARTUPS IN INDONESIA: DOESN’T MEET

42%
MARKET NEEDS

INSUFFICIENT
29%
CAPITAL

POOR
23%
TEAM/MANAGEMENT

19% COMPETITION

BAD PRICING
18%
STRATEGY

Veda Praxis 2018

 OPPORTUNITY

“One has to remember that every failure can be a

stepping-stone to something better.”

JOHN WOODEN

Veda Praxis 2018

OPPORTUNITY

FOR STARTUPS: FOR ESTABLISHED COMPANIES:

BE A CHALLENGER! GET INSIGHT FROM THE MARKET!

Veda Praxis 2018

 PRACTICAL IMPLEMENTATION

ESTABLISH A VISION FOR TRANSFORMATION & BEGIN

TO MAP OPPORTUNITIES & BEST PRACTICES.

Veda Praxis 2018

 PRACTICAL IMPLEMENTATION

INVEST IN THE MOST PROMISING INFRASTRUCTURE AND

KEY RESOURCE.

Veda Praxis 2018

PRACTICAL IMPLEMENTATION

BE AGILE. BUILD DEVELOPMENT TEAM TO PILOT NEW

APPROACHES TO GET METHODS OFF THE GROUND.

Veda Praxis 2018

 PRACTICAL IMPLEMENTATION

GOVERNANCE, IMPROVEMENT, AND INNOVATION ARE VITAL

TO ENSURE THAT OUR BUSINESS REMAIN RELEVANT &
EFFECTIVE, EVOLVING AS NEW DISRUPTION ARISES.
Veda Praxis 2018
 AD Premier, 8th floor
TB Simatupang No 05
Pasar Minggu, Jakarta 12540

info@vedapraxis.com @veda_praxis